Elmira's Group

Elmira, a 42-year-old woman, is the leader of this group. Elmira and her husband are raising three children. Their eldest son is 19. He has already got on his feet and he lives and works in Bishkek. The middle son is a college student. And the little daughter goes to elementary school. Elmira and her husband always strive to give their children a good upbringing, so that their children grow up hardworking and diligent. To provide for the family and pay for the children’s education, Elmira’s husband works as a builder. As for Elmira, she manufactures traditional handicrafts. She wants to get herself a spot at the market and start selling the articles at the market. She got this idea after consulting her relatives, who believe in Elmira’s skill and the profitability of this business. When Elmira first started sewing national articles, she invested 350$. Her expense was worth it, as in a very short time Elmira began receiving orders. Her success has encouraged her to expand her business and start selling the articles in a shop. Since then, she has been nurturing this idea in her soul and making preparations. Now everything is ready. She just needs some funds to purchase fabric. Therefore, Elmira has applied for this loan to start her business, steadily grow and become an independent entrepreneur. She also says that this business would let her give a better education to her daughter.

Elmira’s partners are Batima, Cholponbai and Elnura.

Batima, 46, is divorced. She is a mother of five children. Only her little daughter and son live with Batima. For a living, Batima sells potatoes. She hopes to obtain this loan and invest it in purchasing potatoes.

Cholponbai, 23, married very early and now has a six-year old son. His wife trades in socks at the market. Cholponbai trades in cattle. He needs a loan to invest in increasing the turnover.

Elnura, 25, is single. After graduating from college, Elnura decided to start trading in cattle. Now, she has a stable income and needs a loan to purchase calves.

--- Where Did This Loan Come From? ---
This loan is brought to you by Mol Bulak Finance, a young and ambitious socially-focused MFI in Kyrgyzstan.

Mol Bulak Finance is strongly committed to the principles of sustainable development on the basis of the 3-Ps concept - People (building human capital and taking care of its customers and the society as well), Profit (to be profitable to grow further) and the Planet (taking care of the environment). It is also the only MFI in Kyrgyzstan who delivers its services to customers 365 days a year. To learn more about Mol Bulak and view a Video presentation about the organization, please visit: http://www.kiva.org/about/aboutPartner?id=135

If you would like to support and learn more about Kyrgyzstan and micro-finance in Central Asia, please join our Lending Team - Supporters of Kyrgyzstan - at http://kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and Mol Bulak staff.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.